Meridian Energy monthly operating report for December 2016

Attached is Meridian Energy Limited's monthly operating report for the month ended 31 December 2016. Highlights this month include: - In the month to 17 January 2017, national hydro storage decreased from 113% to 109% of historical average - South Island storage sat at 104% of average and North Island storage at 132% of average on 17 January 2017 - Meridian's December 2016 monthly inflows were 90% of historical average - National electricity demand in December 2016 was 2.4% lower than the same month last year - December 2016 demand reflected ongoing low irrigation use - Meridian's retail sales volumes in December 2016 decreased by 14.8% compared to December 2015 End CA:00295723 For:MEL Type:MONTHLY Time:2017-01-19 09:33:18